This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation impacts the location and order in which the companies (and/or their products) are presented, and in some cases may also impact the rating that is assigned to them. To the extent that ratings appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates our analysis of brand market share and reputation, each brand's conversion rates, compensation paid to us and general consumer interest. Company listings on this page DO NOT imply endorsement. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

Jump to:

In a nutshell

Seek Business Capital at a Glance

Overview

Best for Whom?

Loan Features

The Application Process

Funding Terms&nbsp;

Repayment Terms

Privacy &amp; Security

Help &amp; Support

Pros and Cons

Summary

Physical Address

Seek Business Capital Review

ByTop10 StaffFeb. 24, 2019

In a Nutshell

With a strong network of lending partners Sleek Capital is able to provide funding to over 92% of applicants. Businesses or startups that require funding for a range of activities can benefit from a number of top lenders in order to receive the funding they need

Overview

Seek Capital was founded with the goal of helping new and growing companies and startups find the funds they need to run and grow their businesses. Seek Capital offers a unique approach that actually specializes in startups and early stage business owners. Unlike other marketplace lenders, Seek Capital helps its customers by providing a custom plan called a Funding Estimate, which it then uses to match financing through its lending partners. The company leverages its business experience and industry expertise to provide a personalized and failsafe way for businesses to uncover the funding they require. Customers will receive their Funding Estimate in as little as a two hours after which they can accept or modify their terms to better and more easily meet their business goals. In conjunction with the firm’s support team, Seek Capital works with its clients to provide the best possible financing plan for their specific needs. Overall, the company’s hands-on approach makes it a desirable choice for new businesses and startups seeking quick access to funding and financial guidance.

Best for Whom?

Small businesses looking for financial guidance

While small businesses can recognize when they need capital, finding the right amount and moment can prove difficult. Seek Capital’s Funding Estimate gives borrowers the opportunity to discover a feasible loan amount and reasonable terms, helping solve problems without adding burdensome amounts of debt.

Businesses with minimal financials

Another major advantage for Seek Capital is their holistic approach to evaluating a business borrower’s creditworthiness. The company boasts that it has a 92% approval rating for qualified businesses thanks to funding experts that work to connect borrowers with the right funding plans despite credit history.

Loan Features

Although it does not directly underwrite its own loans, Seek Capital offers small businesses an intriguing way to identify the funding solution that is best suited to their needs. The company’s lending partners within its network connect customers to unsecured loans, meaning no collateral is required—a great advantage for small businesses with few assets. Seek Capital stands out among marketplace lenders due to its full-service approach, which includes consultations with its customers, creating a full funding plan, and its efforts to negotiate directly with lenders on behalf of borrowers. The company employs a success-based fee model, and does not charge any fees until the borrow receives their funding approval from the lender. Because it is not lender, Seek Capital does not list any representative interest rates or loan terms on its site. However, the company does boast an excellent approval rating for its customers, as well as impressive funding approval times. Companies can receive a Funding Estimate in just two hours and receive approval shortly thereafter. Customers can generally see their funds in as little as 1 to 3 weeks after receiving approval.

Highlights for Seek Capital

Quick, paperless online application

Hands-on approach to finding the right loan

9 in 10 applicants are approved for funding

Access a Funding Estimate in just 2 hours

Works with National and Regional Banks

No obligation to accept offers

Unsecured loans mean no collateral is necessary

Apply for funding fee-free

The Application Process

To get started, prospective borrowers can visit the Seek Capital website to complete the application and begin the funding process. The initial form is paperless and can be filled out in just minutes via computer or even smartphone. Borrowers can enter their basic contact information, along with details about their finances. The company does ask for an estimated credit score, but maintains that it does not use it as the primary factor when determining funding options.

Seek Capital’s agents use a proprietary Funding Calculator to develop an estimate based on each business’s circumstances and financial history. This includes a deep analysis of a customer’s business that covers assets, earnings, revenues, and credit profiles. Once completed, one of the company’s representatives will contact the borrower to walk through a funding estimate and options. Once borrowers agree to the estimate, the company submits applications for their funding, and customers can receive funds within 1 to 3 weeks.

Funding Terms

One of Seek Capital’s biggest advantages over peers is their personalized touch and customer-oriented service. Unlike competitors that offer cookie-cutter loans, Seek Capital works with borrowers to create unique plans that are more likely to receive approval and have a better impact. The company does not place any restrictions on the use of loans it facilitates, and borrowers are able to find options for short-term cash infusions, equipment leases, expansionary projects, debt consolidation, and other pressing financing needs.

It is important to keep in mind that Seek Capital does not originate its own loans, but instead counts on an expansive network of lenders to help it find applicable solutions for a wide range of customers.

The company’s lending partners underwrite funding amounts that stretch range between $5,000 and $150,000. Each funding plan is unique and varies for each business borrower depending on their needs and financial history.

Seek Capital boasts that it provides funding to it’s clients with introductory rates of 0% APR for the first 12-18 months. To reach a range of borrowers, the company works with businesses and startups across varying industries, touting approval of 92% of funding applications received.

Repayment Terms

Repayment terms are one of the key features with Seek Capital. During the introductory period, usually 12-18 months, the minimum monthly repayment amount is 2% of the total funding amount, meaning if you receive $50,000 in funding, the total monthly payback is only $1,000.

Privacy & Security

As a web-based service, Seek Capital takes the necessary steps to protect its customers’ personal information. Per the company’s privacy policy, all personal information collected on the website is treated as confidential. Sensitive personal information is only accessible by designated company staff and all that can be shared with third parties is basic details such as contact names and numbers and company formation dates which are used to provide better services. Any information stored on Seek Capital servers is encrypted with industry standard SSL technology to ensure security.

Help & Support

Customers that require assistance can reach Seek Capital via phone or email. The company’s call staff is available during business hours Monday through Saturday, 6:00 AM to 6:00 PM. They strive to provide coverage for all time zones. We found the call center representatives to be helpful, friendly, and knowledgeable when tasked with addressing our inquiries. Emails also offered comprehensive answers and were responded to within a reasonable time frame. Furthermore, once a customer, Seek Capital assigns an Account Manager who becomes the primary point of contact for all personal funding matters.

Pros and Cons

Pros

Cons

Unique financing options

Not a direct lender

Quick and straightforward application process

Lack of Educational Resources

Funding Estimate received in under 2 hours

Accepts 92% of applicants

During our research, there were several areas we felt that Seek Capital could improve to benefit their customers even more. Because Seek Capital is not directly a lender, the terms after the 12-18 month introductory rate of 0% APR will often vary for each customer and generic numbers are not available. Moreover, a greater emphasis on educational resources could help prospective borrowers learn more about the lending process while an informative FAQ would address common questions encountered by users.

Even with a few minor drawbacks, there were several aspects of the company’s services which were quite impressive. For one, we appreciated the personalized approach Seek Capital employs when providing each customer with a support team to create a customized Funding Estimate. We were pleased with the speed of the application process, which can yield a funding estimate in as little as two hours. Finally, the company’s approval rate and willingness to help any business from different backgrounds helps broaden Seek Capital’s appeal for range of borrowers.

Summary

A quick application and personalized Funding Estimate helps Seek Capital’s service stand out in a very competitive lending field. The company works hard alongside its team of professionals to create a unique funding plan for each business borrower that requests financing assistance. Seek Capital’s strong network of lending partners means that 92% of applicants obtain funding, providing financing solutions for all types of business borrowers across industries. Regardless of financial history, businesses or startups that require funding for a range of activities can benefit from a supportive partner thanks to Seek Capital’s helpful lending solution.

This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation impacts the location and order in which the companies (and/or their products) are presented, and in some cases may also impact the rating that is assigned to them. To the extent that ratings appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates our analysis of brand market share and reputation, each brand's conversion rates, compensation paid to us and general consumer interest. Company listings on this page DO NOT imply endorsement. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

Designed to help users make confident decisions online, this website contains information about a wide range of products and services. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice. Though based on meticulous research, the information we share does not constitute legal or professional advice or forecast, and should not be treated as such.